RBC Capital analyst Michael Siperco maintained a Hold rating on Eldorado Gold (EGO – Research Report) on January 22 and set a price target of $12.00. The company’s shares closed yesterday at $11.99.
Siperco covers the Basic Materials sector, focusing on stocks such as Eldorado Gold, Hecla Mining Company, and New Gold. According to TipRanks, Siperco has an average return of -7.9% and a 31.46% success rate on recommended stocks.
In addition to RBC Capital, Eldorado Gold also received a Hold from Scotiabank’s Tanya Jakusconek in a report issued on January 22. However, on January 16, Stifel Nicolaus maintained a Buy rating on Eldorado Gold (NYSE: EGO).
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EGO market cap is currently $2.57B and has a P/E ratio of -100.80.
Based on the recent corporate insider activity of 162 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EGO in relation to earlier this year.
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Eldorado Gold (EGO) Company Description:
Eldorado Gold Corp. engages in the mining, development and exploration of gold. It has mining operations, ongoing development projects and exploration in Turkey, Canada, Greece, Brazil, Romania and Serbia. The company was founded by Richard J. Barclay, Marco Antonio Romero, and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.
Read More on EGO:
- Eldorado Gold Produces 485,140 Ounces of Gold in 2023 With Strong Fourth Quarter Preliminary Gold Production of 143,166 Ounces; Achieves 2023 Production Guidance; Provides Conference Call Details
- Eldorado Gold Announces Appointment of Paul Ferneyhough as Executive Vice President and Chief Financial Officer
- Eldorado Gold names Paul Ferneyhough as new CFO
- Eldorado Gold provides exploration update from Ormaque deposit
- Eldorado Gold releases updated mineral reserve, mineral resource statement
